St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-05-21
On the Chicago Board of Trade Yesterday
the Wheat Clique Had Easy Sailing
For Awhile.
The Northwest Was Excited Over Dry
Weather, and the Market at New
York Held Steady.
The June Option Sold Freely, While Most
Operators Were Anxious to Buy
Other Futures.
Transactions in the Financial Circles
Of Wall Street.-The Quotations in
General.
Special to the Globe.

Special to the Globe.
CHICAGO, May 20.-There was not half as
much uneasiness over the safety of the clique
among the sensitive class OF gosSips who are
always worrying over the security of other
people, as there was over the position OF the
shorts. The clique houses, led by Irwin,
Green 4 Co, were buyers of the July option.
This concern took the wheat i'll 100000
bushel lots, and whenever il found n free
butler it offered 10 take all he had. June was
held steady. The clique programme was TO
hold June nj SSc and TO hold July above
S6i2c. Ii was carried out, although as the
day wore along the temptation TO break over
the bounds almost led the crowd 10 sell heav-
lily. From New York there were reports that
Armour & Co. were putting i'll good deal of
cash wheat on the May contracts. From the
Northwest came reports that great deal of
cash wheat would be started from Minneapo-
lis SO as to reach Chicago next week: The
visible supply statement Monday will prob
ably show decline i'll wheat of about 1900
600 bushels. The clearances from the At
lantic ports were liberal again, $4,000 bush
els The "t
s. GOSSIP ABOUT THE DEAL
continues to be OF Il sensational sort. John
b. Lyon has pretty certainly been selected 10
give the orders on which the maneuvering is
to be done-not the decisive orders. These
come from Nelson at Cincinnati. but Lyon
is the man in the field, whose judgment goes.
William Dunn is aiding in the shipment of
cash wheat The movement of a very large
amount of wheat ont of Duluth is still one of
the cards to be played The gossip is also to the
effect that the Chicago clique agreed with
the California men to hold the Chicago mar
ket steady between May Is and June l. TO
aid in squeezing the shorts at San Francisco
on season contracts, which means May
wheat Kershaw d Co. offered TO buy July
wheat in 100000 bushel lots at S6I2c, and
were also begging the June option at SSc. At
the same time private settlements were made
ut SSc out of the pit. There was no secrecy
about this matter. Norton d Worthington
settled one 100000 bushel lot at Ssc. III
corn the pit continued dull, and the fiuctua-
ton was; within lac, all day. The shorts eX-
pect TO get the carrying charge which is 1ssc
ON July, and the boys hold on. in the hope
that the local stocks will be depleted enough
10 advance the market more than the carry
ing charge amounts to.
THE ROUTINE REPORT.
CHICAGO, May 20.-The5 .Aclique" in wheat
had for awhile easy sailing this morning.
The Northwest was excited over the dry
weather. New York was steady enough to
give temporary encouragement and the July
option, which has been sold pretty freely on
the theory that il was to be the clique dump
ing ground was up to SIC. June wheat also
started i'll high mt SSAc. The talk on the
floor was that June wheat was pegged for the
day at SSc. During the first hour June only
once got below that figure, and then only
momentarily; The trading to-day. was of
very general character. While the crowd
outside of the clique were sellers of the June
option, nearly everybody bought the other
futures. The crowd at large bought very
heavily of July, while the clique brokers
bought July, August and September All of
these months fired up very perceptibly. On
June the crowd were particularly bearish. 1t
was offered frequently at S77sc and once as
low as S1s4c, while the clique brokers were
bidding SSc in the pit at the same time.
At SSc the clique took everything they
could get. Prices for June showed small
fluctuations: SSs4c was high and S77sc was
low up TO the close of the session. June
wheat closed at Sse, and July at s65sc.
Officials of the railroads threading the wheat
sections are predicting largely increased re-
ceipts next week The Burlington has made
arrangementsato bring Il large amount from
Minneapolis, St Paul and other Northwest
ern points. There was good demand for
corn and oats all day; the latter commodity
took an unusual squirt. The advance was
the corn and oats belt. July corn was
actively traded in up to 41l2c. but in the
latter part of the session it got down to 41@
disc, and became more steady. July oats
started in at 21Ac, but sold rapidly up to
27ssc. Later they declined to 27lac, at
which figure they closed very firm. Pro-
visions opened tirmer at $3.50 for July lard,
and S7.37l2 for July short ribs. The trading
up to $40 and July lard to S6.s2l2, at
which figures they became dull and quiet
AT the close provisions became weaker, the
last prices being $3.50 for July lard, and
$3.50 for July ribs.
50. p. THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. 2 May, SIC, closing at S74c;
June, SSAc. closing at SSc; July, S67sc,
closing at S6Ssc; August. SIC, closing
ut S1Ssc. Corn-No.2 May, 3SSsc closing
at -3Sasc; June, 39Isc, closing at 39Ac:
July, Ale, closing at Ale; August, 4I7sc,
closing at 42e. Oats-No.-2 May, 25ssc,
closing at 25s4c; June, pc, closing at
26ssc; July, 27Ac, closing at 27lac. Au-
gust, 26l2c, closing at Dose Mess
pork-per Dbl. May, S21.50, closing at
S21.50; June, S21.50, closing at $3.50.
Lard-per 100 lbs, May, S6.67l2, closing at
S6.65: June, $3.50, closing at$6.7O: July,
$3.50, closing at $3.50; August, Sc s7l2,
closing at $500. Short ribs-per 100 lbs,
May, SIPS, closing at S7.17l2: June, 81 25,
closing at SIZE: July, S7.37la closing at
S7.30; August, STD, closing at $40.
Cash quotations were as follows Wheat-No.
= spring. S7@S7l2c: No. 3 spring wheat
79@lS1c; No. 2 red, 97S4c. Corn-No. 9. 3Sss
G.3S34c. Oats-No. 2, 25I2c. Rye-No. 9.
56l2c Barley-No. ., SIC. Flax seed-No.
l, S1.13. Prime timothy seed, SI.7O.
Mess pork per Dbl, S21.50. Lard, per 100
lbs, S6.62I2@6.65. Short ribs sides loose.
S7.05Gt7.10; dry sailed shoulders, boxed.
S5.60G55.70; Whisky - Distillers' finished
goods. per gal 81. 10 Receipts-Flour. 81
600 bbls: wheat. Al 900 bu; corn, ZIG. 900
bu: oats, 202, 90 0bu; rye, ZOO bu; barley.
1900 bu. Shipments-Flour, "a. 900 bbls:
wheat $4,000 bu: corn, 3I5 900 bu: oats
$4,000 bu; rye, 500 bu; barley, 5000 bu.
On the produce exchange to-day the butter
market was lower; receipts large: creamery,
1612@19c; dairy, 14l17c. Eggs very firm,
1034@lle.